Demotech Assigns Financial Stability Rating® to Centauri National Insurance Company

News provided by

Jul 20, 2017, 12:12 ET

COLUMBUS, Ohio, July 20, 2017 /PRNewswire/ -- Centauri National Insurance Company has earned a Financial Stability Rating^® (FSR) of A, Exceptional, from Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.

FSRs summarize Demotech's opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.

About Centauri National Insurance Company
Centauri National Insurance Company (CNIC) is a Louisiana domiciled subsidiary of Centauri Specialty Insurance Company and part of Centauri Specialty Insurance Holdings, Inc. a Delaware holding company. The Company was formed in 2017 and will offer a variety of residential products in Louisiana including Homeowners, Dwelling and Fire, in addition to specialty lines (flood, hurricane and wind). For more information, please visit www.centauriinsurance.com.

About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings^® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech's philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Visit www.demotech.com for more information.

SOURCE Demotech, Inc.